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Depreciation
Depreciation often accounts for around 45% of the Whole Life Cost Analysis |
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Fuel
The second largest element, often accounting for as much as 28% of whole life costs |
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Service Maintenance and Repairs
SMR can now typically account for under 10% of those costs |
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Insurance
Vehicles with high insurance group are clearly at greater risk to the company |
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Finance
Do not forget the cost of the funding required to purchase the vehicle |
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National Insurance
Employer's NI can currently account for around 8% of the Whole Life Cost, or if a user enjoys free fuel for private use, up to 11% - 12% of the total cost. |
